Crypto Breaking News

Zach Rynes, a community lead for Chainlink, criticised Ripple's five-year sponsorship with the University of Kansas, arguing that promoting XRP (CRYPTO:XRP) through college sports does not align with the company's institutional payments business.

Kalshi has appealed a New York federal court ruling that denied its request to stop state gambling regulators from enforcing local laws against its sports-related prediction market contracts.

Ripple has signed a five-year partnership with the University of Kansas that will place the XRP (CRYPTO:XRP) logo on Jayhawks football, basketball and other team uniforms while supporting blockchain education programmes.

Binance Wallet has integrated Plume's nBASIS yield vault, allowing users to access tokenised investment funds managed by Invesco and Bitwise with more than US$1.03 billion in combined assets under management.

Kazakhstan President Kassym-Jomart Tokayev has signed a decree introducing new rules for stablecoin payments, cryptocurrency tax incentives and energy support for digital mining as the country expands its regulated digital asset market.

India's tax department found that fewer than a quarter of 645,000 people who traded cryptocurrency during the year ended March 2023 reported those transactions on their tax returns.

The Bitcoin Standard Treasury Company (BSTR), backed by more than 30,000 Bitcoin (CRYPTO:BTC), and Cantor Equity Partners I have ended the original terms of their 2025 SPAC merger agreement and will negotiate a revised deal for a planned public listing.

LAB (CRYPTO:LAB) dropped about 90% over 48 hours to US$1.25, reducing its market capitalisation from more than US$5 billion to about US$390 million and drawing renewed scrutiny over its market structure.

American Enterprise Institute Senior Fellow Angela Stent discusses President Trump's announcement he would allow Ukraine to make its own Patriot Missiles. She says Trump "sees that Ukraine looks like a winner, that it has cards that the Ukrainians are really fighting back."

In this segment, Songyee Yoon, Director on HP's Board and Founder of Principal Venture Partners, discusses the emerging divergence between the chip cycle and the hyperscaler cycle amid the AI build-out. She highlights the critical issue of whether hyperscalers will reduce their spending as the costs of AI infrastructure escalate, a factor that could significantly impact the broader AI investment landscape and equity market performance. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

Mark Douglas, CEO of the ad tech company MNTN, discussed Meta's reported ambitions to expand beyond advertising into cloud infrastructure. Douglas expressed skepticism about Meta's ability to compete with established cloud providers like AWS and Google Cloud, citing high switching costs for customers and Meta's lack of excess AI infrastructure capacity to monetize. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals" to discuss what's top of mind in media M&A as moguls gather in Sun Valley for Allen & Co.'s annual conference.